Irvington NY Real Estate Market Report May 2016

Sales

There were 5 unit sales in April. This is up 25.0% from 4 in April of 2015. This is the highest unit sales have been since 6 in November, 2015. Sales/list price ratio in April moved down to 97.2% from 100.1% in March. 

Prices

Median price in April was $770,000. This is down 26.1% from $1,042,500 in April of 2015. This is the lowest median price has been since February, 2014. 3-month median price of $955,000 in April was down moderately from $1,350,000 in March and down slightly from $1,017,000 in April of 2015. Price per square foot in April was $325. This is down from $341 in March and down from $501 in April of 2015. 

Inventory

Inventory of 53 in April was up 15.2% from 46 in March and up 10.4% from 48 in April of 2015. New listings of 16 in April were up considerably from 11 in March but down moderately from 22 in April of 2015. Months of supply of 9.5 in April was up slightly from 8.4 in March and up considerably from 7.4 in April of 2015. This is the highest months of supply has been since September, 2015. 

Market Time

Days on market of 85 in April was down substantially from 181 in March but way up from 61 in April of 2015.

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Rye Brook NY Home Sales Are The Highest Since August 2015

Sales
There were 13 unit sales in April. This is up 225.0% from 4 in April of 2015. This is the highest unit sales have been since 16 in August, 2015. Sales/list price ratio in April moved down to 96.3% from 97.9% in March.

Prices
Median price in April was $600,000. This is down 4.2% from $626,250 in April of 2015. 3-month median price of $658,750 in April was down modestly from $805,000 in March but up marginally from $640,750 in April of 2015. Price per square foot in April was $308. This is up from $299 in March but down from $378 in April of 2015.

Inventory
Inventory of 57 in April was up 9.6% from 52 in March but down 6.6% from 61 in April of 2015. New listings this month are 22, the same as last month. Months of supply of 5.6 in April was up marginally from 5.5 in March but down a little from 6.3 in April of 2015. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since June, 2015.

Market Time
Days on market of 111 in April was down moderately from 142 in March but up somewhat from 84 in April of 2015.

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Bright Contemporary Home With Outstanding Entertainment Value For Sale In Armonk NY 10504

Contact info:
Christopher Pagli | 914-406-9023 | chris@legendsrealtygroup.net

3Bd/3Ba Single Family House

31 Byram Hill Rd, Armonk, NY 10504

$699,000

KEY FEATURES
Year Built: 1972
Sq Footage: 2506 sqft.
Bedrooms: 3 Beds
Bathrooms: 3 Baths
Floors: 3
Parking: 2 Garage
Lot Size: 1.24 Acres
Property Type: Single Family House

DESCRIPTION

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Nestled amongst the trees in Northern Westchester awaits a contemporary style home with outstanding entertainment value. If privacy and modern convenience are what you?re after then look no further. Enter from the front door or garage to a ground-level family room and access to all utilities. A few steps up to the main living area you?ll find a generous eat-in-kitchen that flows effortlessly into the formal living room with vaulted ceilings. Thoughtful window placement enables you to enjoy the nature setting from every angle. Glass doors take you onto the spacious deck with plenty of room for large gatherings. The master suite is a home within the home and offers new bamboo flooring, a full bath, ample closet space, vaulted ceilings, and comforting views. Travel down the hall and a few steps up to the additional two bedrooms. A two-car garage, over-sized driveway, and side yard complete the exterior.

PROPERTY FEATURES

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• Living room
• Dining room
• Master bath
• Family room
• Recreation room
• Balcony, Deck, or Patio
• Yard
• Double pane / Storm windows
• Hardwood floor
• High / Vaulted ceiling
• Skylights

COMMUNITY FEATURES

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• Security system
• Garage - Attached

ADDITIONAL LINKS

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• Website: http://www.WestchesterCountyRealEstateMarket.com

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Contact info:
Christopher Pagli
914-406-9023
chris@legendsrealtygroup.net

White Plains NY Real Estate Market Report March 2016

Sales

There were 14 unit sales in February. This is down 6.7% from 15 in February of 2015. This is the lowest unit sales have been since 8 in April, 2015. Sales/list price ratio in February moved up to 99.6% from 99.0% in January.

Prices

Median price in February was $586,690. This is down 36.6% from $925,000 in February of 2015. 3-month median price of $627,500 in February was up slightly from $570,000 in January but down moderately from $821,250 in February of 2015. Price per square foot in February was $280. This is down from $293 in January and down from $299 in February of 2015.

Inventory

Inventory of 81 in February was up 22.7% from 66 in January and up 39.7% from 58 in February of 2015. New listings of 33 in February were up considerably from 11 in January and way up from 17 in February of 2015. Months of supply of 4.1 in February was up moderately from 3.3 in January and up considerably from 3.3 in February of 2015.

Market Time

Days on market of 105 in February was way up from 70 in January and up moderately from 84 in February of 2015. This is the highest days on market has been since April, 2015.

Click this link to search for Westchester County Real Estate www.westchestercountyrealestatemarket.com 

Are You An Effective Negotiator?

Everybody has his or her own interpretation of what it means to be an effective negotiator. Some believe that they need to possess a killer instinct, a win-lose attitude, or place what they perceive as their clients best interest in front of reality. While negotiating, the true person comes out or the person you think you need to be. Viewing a negotiation as a win-lose game creates a competitive atmospherethat is based on our behavior rather then focusing on the goal. All parties involved should benefit from a successful negotiation. 

Some keys to a successful negotiation are understanding the importance of effective communication, focusing on the goal, and not letting emotions or personalities cloud the process. When a buyer or seller client hires us to work on their behalf the very first meeting tends to be a negotiation until we are actually hired. Once they sign an agreement our role shifts from participant to advisor.

The initial consultation we have with a prospective client will also help determine what type of negotiating partner they will be when it comes time to make or receive an offer to purchase. Listening, clarifying, setting expectations, and a full explanation of the home buying or selling process, will give you all the answers you need in order to help that client.

By taking the time to discuss the above from the beginning, you are preparing the client for what could come. We want to keep the playing field as calm as possible and by adhering to the above; the client has had time to absorb the many possible scenarios in advance of any real-life action. The beginning of the negotiation process is NOT the time to prep a client. 

As real estate agents we are acting as client advocates and part of our duty is to educate and guide our clients. We help set the tone for the negotiation with the buyer, seller, and the other real estate agent. It is absolutely imperative that we remain professional and calm otherwise we run the risk of tainting the process. Once one party gets a bad taste in their mouth about the other party it can be hard to reverse.

The other side will also most likely remember your initial interaction down the road when you ask for repairs, changes, or flexibility in a term.

I believe that many things in life are preventable. Choosing to properly inform clients from the start will yield far greater results then just closing a real estate transaction.